M&A activity in the UK market should provide windfall benefits for single company and general Pep ho...
M&A activity in the UK market should provide windfall benefits for single company and general Pep holders but not if the windfalls come in the form of bonds, writes Jane Wallace Depending on the terms of the takeover deal, Pepholders' original shareholdings may turn into a combination of loan stock, new shares or other instruments Peter Shipp, chief executive of the Pep and Isa Managers Association (PIMA), said: "In the Bank of Scotland/NatWest deal, Bank of Scotland shareholders won't be affected but NatWest shareholders will. The deal hasn't been set out yet but we are expecting the off...
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